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4397 Leavitt Rd - 18.72 AC Development Site 18.72 Acres of Commercial Land Offered at $2,800,000 in Lorain, OH 44053
Investment Highlights
- +/- 18.72 acres total available for development (Both parcels are being offered together as a package to one buyer)
- The Lorain market has impressive average household incomes of $83,800 in a 3 mile radius
- Area restaurants include Starbucks, Applebee’s, Chic Fil A, Raising Cane’s, Five Guys, Dunkin, Chipotle, Bob Evans, Pizza Hut, and many more
- Property is located is currently located in a Flood Zone, please refer to engineering plans as part of the marketing package
- Daytime population of 83,222 people in a 5 mile radius
Executive Summary
Sale Price: $2,800,000
• Parcel #0202008107035 – 6.44 acres (front)
• Parcel #0202007101057 – 12.28 acres (rear)
• Parcel #0202008107035 – 6.44 acres (front)
• Parcel #0202007101057 – 12.28 acres (rear)
Property Facts Under Contract
| Price | $2,800,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 18.72 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | B-2 - General Business District | ||
| Price | $2,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 18.72 AC |
| No. Stories | 1 |
| Zoning | B-2 - General Business District |
1 Lot Available
Lot
| Price | $2,800,000 | Lot Size | 18.72 AC |
| Price Per AC | $149,572.65 |
| Price | $2,800,000 |
| Price Per AC | $149,572.65 |
| Lot Size | 18.72 AC |
Description
Across from lighthouse Village (anchored by Walmart, Home Depot, Kohl's), adjacent to the new TJ Maxx, Five Below, Grocery Outlet, and more!
Property Taxes
| Parcel Numbers | Improvements Assessment | $55,773 | |
| Land Assessment | $189,326 | Total Assessment | $245,098 |
Property Taxes
Parcel Numbers
Land Assessment
$189,326
Improvements Assessment
$55,773
Total Assessment
$245,098
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4397 Leavitt Rd - 18.72 AC Development Site
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